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EUR: Worries about European financial system overdone - Goldman Sachs

Discussion in 'Market News' started by ForexLive, Feb 16, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Banks better capitalized, no liquidity issues Credit market indicators of European systemic risk appear to have inflected as well. Since widening last week to levels not seen since the Euro crisis in 2011-2012, the cost of credit protection as measured by the iTraxx index for European Senior Financials fell by 8bp for the second day in a row (to a spread of 123bp from 139bp last Thursday).

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